The moderating role of financial innovation on financial risks, business risk and firm value nexus: Empirical evidence from Nigeria

Olalere, Oluwaseyi Ebenezer; Islam, Md. Aminul; Yusoff, Wan Sallha; Ariffin, K. H. K.; Kamruzzaman, Md.

doi:10.1063/5.0045082

Cited by 6 publications

(4 citation statements)

References 12 publications

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“…Early studies [22,31] on bank financial performance indicated that bank-related antecedents (such as board size, bank size, bank age, and capitalization) are the main antecedents that control the company's financial status. Similarly, subsequent studies [32,33] examined the impact of industry-related and macroeconomic aspects on banks' performance.…”

Section: Control Variables and Bank Efficiencymentioning

confidence: 99%

“…First, through diversification, they can achieve maximum economies of scale, and reduce the chances of bank default. Second, the diversification process increases the agency problems between the shareholders and management; in this way, conflicts of interest arise [22,23]. The primary purpose is to reduce the confusion, and fill the gaps in the previous studies.…”

Section: Introductionmentioning

confidence: 99%

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Achieving Financial Sustainability through Revenue Diversification: A Green Pathway for Financial Institutions in Asia

et al. 2022

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Establishing balanced and sustainable development is critical for improving banks’ capability and performance. Financial development has enormous significance in an environment of increasingly contestable international markets, and can be achieved by enhancing banking efficiency and performance. The bank efficiency is estimated through data envelopment analysis (DEA). By applying the quantile regression technique, this research examines the impact of revenue diversification (RD) on the bank efficiency (BE) of seven Asian emerging economies over 2008–2019. In this regard, non-performing loans (NPLs), non-interest income, capitalization, and gross domestic product (GDP) are taken as control variables. The empirical findings indicate that RD, market capitalization, non-interest income, and GDP have a significant positive impact on BE, whereas NPLs have a significant negative relationship with BE. These results have significant strategic implications for managers, regulators, and policymakers, who share a common interest in boosting financial sustainability and performance.

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Section: Control Variables and Bank Efficiencymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Achieving Financial Sustainability through Revenue Diversification: A Green Pathway for Financial Institutions in Asia

et al. 2022

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“…‫ح‬ ‫اؾس‬ ‫الد‬ ‫اح‬ ‫س‬ ‫ل‬ ‫ل‬ ‫اف‬ ‫التشي‬ ‫ان‬ ‫ىم‬ ‫اي‬ ‫اة‬ ‫س‬ ‫ا‬ ‫لي‬ ‫مح‬ ‫امل‬ ‫التود‬ ‫ات‬ ‫ال‬ ‫الستغم‬ ‫اؽ‬ ‫ي‬ ‫اح‬ ‫يتشؾى‬ ‫اح‬ ‫ي‬ ‫ق‬ ‫ا‬ ‫اؾع‬ ‫اؼ‬ ‫هسة‬ ‫اةهذ‬ ‫ل‬ ‫اق‬ ‫اشتس‬ ‫اق‬ ‫الت‬ ‫ه‬ ‫ائح‬ ‫ش‬ ‫الش‬ ‫اح‬ ‫ل‬ ‫الس‬ ‫ا‬ ‫اؾ‬ ‫اب‬ ‫اق‬ ‫ح‬ ‫هسخ‬ ‫ذ‬ ‫ابىس‬ ‫ت‬ ‫امئ‬ ‫يختمف‬ ‫اق‬ ‫هاللػ‬ ‫لميشؾ‬ ‫اب‬ ‫الذل‬ ‫هجشؾب‬ ‫الذل‬ ‫الوميمؽ‬ ‫ذ‬ ‫نمب‬ ‫ة‬ ‫اؾ‬ ‫شغ‬ ‫د‬ ‫إنةهن‬ ‫م‬ ‫لم‬ ‫ي‬ ‫اليشة‬ ‫كدت‬ ‫ل‬ " ‫مؾا‬ " ‫ي"‬ ‫اش‬ ‫ا‬ ‫اة‬ ‫ن‬ ‫ي‬ ‫ا‬ (e.g., Gautam, 2021, Khomidah andSetiwan, 2021;Jagirani et al, 2023;Sharma et al, 2023) ‫اح‬ ‫س‬ ‫الةل‬ ‫اح‬ ‫ل‬ ‫الس‬ ‫ا‬ ‫اؾ‬ ‫اب‬ ‫اق‬ ‫ا‬ ‫لػ‬ ‫ا‬ ‫ه،‬ ‫ا‬ ‫هسظ‬ ‫اؾنه‬ ‫ها‬ ‫ال‬ ‫ا‬ ‫ال‬ ‫ه‬ ‫اب‬ ‫ه‬ ‫ال‬ ‫كسر‬ ‫ل‬ (e.g., Alkubaisi, 2018;Altahtamouni, 2018 Dang, 2011;Alkubaisi, 2018;Olalere et al, 2021;Jagirani et al, 2023) . " (e.g., Olalere et al, 2016;Alkubaisi, 2018;Awwad, 2022) .…”

Section: ‫ملخص‬ ‫البحث‬unclassified

قياس وتقييم المقدرة التفسيرية للمعلومات المحاسبية في مجال تقدير القيمة السوقية للبنوك المقيدة بالبورصة المصرية: دراسة تجريبية مقارنة بين فترات الضبابية السياسية وفترات الاستقرار

سعادة

2023

مجلة الاسکندرية للبحوث المحاسبية

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This research addresses the measuring and evaluating the explanatory power of accounting information in the field of estimation of market value of banks listed on the Egyptian exchange, throughout 2010-2020. In terms of analytical-comparable methodology between political fuggy periods and political stability periods.The research includes four sections, the first section is dealing with previous studies related to the measuring and evaluating explanatory power of accounting information in banks listed on the financial exchanges, whereas the second section addresses the explanatory power of accounting at political instability periods, the third section is providing the empirical evidence applying on Egyptian banks listed. Finally the fourth section includes the integrating between main items of the research.The empirical evidence depends on integrated financial indicators, includes one dependent variable which is proxy for market value, and forty nine variables, which are proxies for explanatory variables. The explanatory variables are divided into seven groups, six groups is related to the CAMELS rating and one group is out of CAMELS.The main findings of this research is providing the applying evidence for availability of explanatory power of accounting throughout all analytical period, which is valued of 64.5%, whereas in the case of political fuggy periods is valued to 83.8%, while in political stability periods is 72.3%. The motivation behind these findings is to support accounting information as an objective and reliable information source.The researcher recommends further research efforts in the field of the study and analyzing the relationship between accounting information and market value of financial institutions in general, and banks in particular, especially, the Arabic researches in this field are very limited.

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“…De Araújo Lima et al (2021 analysed some SMEs in Italy and Spain and provided evidence that innovation leads firms to adopt more risk management strategies. Innovativeness also makes firms reduce and correctly evaluate their financial risks including credit, liquidity, operational, market risk, and solvency risks (Olalere et al, 2021). For these reasons, innovativeness is an efficient tool for the financial risk management of SMEs.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The differences in the impact of entrepreneurial abilities of various European SMEs on their financial risk perceptions

Civelek¹,

Durda²,

Vincúrová³

et al. 2022

EBER

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The objective of the article is to investigate whether the impact of innovativeness and competitiveness of small and medium-sized enterprises (SMEs) on their financial risks differ depending on the countries where SMEs are located. Research Design & Methods:The researchers created an online questionnaire and gained data from 1221 Czech, Slovak, and Hungarian SMEs. Moreover, the researchers applied ordinal logistic regression analyses to achieve the goal of this study. Findings: According to the results, the impact of competitiveness on the bankruptcy risk perception of SMEs differ depending on the countries where they operate. Concerning the impact of innovativeness on financial performance and financial risk management, this article also proves that international differences between SMEs exist. Implications & Recommendations:The developments in the financial literacy of company executives and their managerial experiences and the improvements in credit access conditions, intellectual property rights, and tax legislation can make SMEs reduce their concerns about their financial risks. Thus, policymakers' implementations are crucial to providing equal opportunities for SMEs even if they operate in various markets. Contribution & Value Added: This current research does not only make international comparisons among the investigated variables but also analyses the impacts of entrepreneurial competencies on various indicators of financial risk. These facts not only make this research become a unique study in the literature but also the reason why it should garner the interest of prospective readers such as policymakers, academicians, and SME owners.

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The moderating role of financial innovation on financial risks, business risk and firm value nexus: Empirical evidence from Nigeria

Cited by 6 publications

References 12 publications

Achieving Financial Sustainability through Revenue Diversification: A Green Pathway for Financial Institutions in Asia

Achieving Financial Sustainability through Revenue Diversification: A Green Pathway for Financial Institutions in Asia

The differences in the impact of entrepreneurial abilities of various European SMEs on their financial risk perceptions

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